Best 7-Year TFSA GIC Rates

Rates subject to change, updated: September 26, 2017 1:59 PM

We compare what all the banks and lenders offer, to bring you the best TFSA GIC rates in Canada. Once you’ve found the rate you want, we’ll help walk you through the process of making your initial investment. Keep reading to find out what the benefits of holding GICs in your TFSA are.

Did you know that rates differ significantly between financial institutions, and within the various channels / methods where you purchase? Browse our Education Centre to learn about the GICs that best suit your saving needs.

About BMO Bank of Montreal

BMO Financial Group is a provider of diversified financial services, ranging from personal and commercial banking to wealth management and capital markets services. Overall, BMO Financial Group has over 12 million customers internationally. Specifically, BMO Bank of Montreal handles all of the bank’s personal and commercial banking. When banking with BMO, you can expect 24/7 customer support via online banking, telephone and mobile banking, or branch locations during operating hours.

BMO Bank of Montreal GIC rates

BMO Bank of Montreal has a list of guaranteed investment certificate (GIC) products you can choose from. Within this list, you can find cashable, non-cashable, market-linked, and U.S. dollar GICs. Amongst cashable and non-cashable GIC investments, you can also choose between short-term and long-term investment periods. To buy a GIC from BMO, you require a minimum investment of at least $1,000.

A six-year, non-registered GIC with BMO offers one of the most competitive interest rates in the Canadian market. Interest rates for individual BMO GICs will vary based on term length, with BMO’s 10-year GICs offering the highest rates.

Compare other BMO Bank of Montreal products

As one of Canada’s five largest banks, BMO Bank of Montreal also offers a number of chequing and savings accounts tailored to different customers within its personal and commercial banking services. Within BMO’s products and services, you can find cash back and travel rewards credit cards.

Get the best GIC rates

BMO Bank of Montreal’s extensive GIC offerings might have the investment options you’ve been looking for. If not, feel free to also look through our GIC comparison tools,
which will help you find the highest interest rates from a number of Canada’s GIC providers.